High in the IPP September has much impact on oil, says IBGE

RIO-After months of results behaved, the rise in commodity prices pushed the index of Prices to the producer (IPP) in September, said the Brazilian Institute of geography and statistics (IBGE). The IPP had a 1.50%, despite the high of 0.5% of the real against the dollar in the month, said Alexander Barrow, Manager of the IPP in the IBGE.
The currency appreciation tends to exert a pressure on the IPP bassist, as it reduces the prices of exported products, such as aircraft and smoke. In September, the brazilian currency was not enough to prevent a leap of 1.50% PPIS, thanks to the impact of international prices on some of the main activities surveyed, such as refining, metallurgy, extractive and other chemicals.
"There was a scattering of price increases. This elevation (IPP) now has less to do with the exchange rate, are prices that are responding to other stimuli, "said Barrow.
Crude petroleum oil and iron ore became more expensive in the international market, pulling the increases registered by the extractive industries (14.05%), petroleum refining and alcohol products (4.47%), other chemicals (2.35%), metallurgy (1.87%).
"High in the IPP has a lot to do with the oil. The international price rose, explained in part by the hurricane in the United States. The smaller supply of oil in the world and also of chemicals (petroleum products) impacted in a way these activities (extractive, refining and other chemicals). And iron ore also increased, is another item that will have an impact in metallurgy ", quoted Brandao.
Among the categories of use, the falling dollar had influence on the 0.29% reduction in prices of capital goods. The planes were cheaper, but there were also reduction in machinery and equipment geared towards the agricultural sector due to rebates and adjustments made by some companies, told the Manager of the IPP.
Already the consumer durables were 0.48% more expensive in September, highlighting the car increases.
"What we're concluding is that the factories are doing launches of new models of cars throughout the year, no more concentrated in the second half," explained Barrow.